REGAL ENTERTAINMENT GROUP (RGC) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

View amendments to this 10-K report filed on 3/24/2016
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Exhibit 99.1

 

GRAPHIC

 

 

Regal Entertainment Group Reports Results for

Fourth Quarter 2015 and Declares Quarterly Dividend

 

Knoxville, Tennessee — February 9, 2016 — Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced fiscal fourth quarter 2015 results.

 

Total revenues for the fourth quarter ended December 31, 2015 were $848.2 million compared to total revenues of $799.1 million for the fourth quarter ended January 1, 2015. Net income attributable to controlling interest was $55.0 million in the fourth quarter of 2015 compared to $46.3 million in the fourth quarter of 2014. Diluted earnings per share was $0.35 for the fourth quarter of 2015 compared to $0.30 for the fourth quarter of 2014. Adjusted diluted earnings per share(1) was $0.36 for the fourth quarter of 2015 compared to $0.30 for the fourth quarter of 2014. Adjusted EBITDA(3) was $175.7 million for the fourth quarter of 2015 compared to $163.6 for the fourth quarter of 2014.  Beginning January 2, 2015, Regal’s fiscal year changed from a 52-53 week fiscal year ending on the first Thursday after December 25 of each year to a fiscal year ending on December 31 of each year.  As a result of the calendar change, the fourth quarter of 2015 consisted of six fewer days than the fourth quarter of 2014 and the fiscal 2015 period consisted of seven fewer days than the fiscal 2014 period.  Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

 

Regal’s Board of Directors also today declared a cash dividend of $0.22 per Class A and Class B common share, payable on March 15, 2016, to stockholders of record on March 4, 2016.  The Company intends to pay a regular quarterly dividend for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows as well as other relevant factors.

 

“We are pleased to report that 2015 was a record year for Regal Entertainment Group. A strong film slate, our investment in premium amenities, and our consistent focus on operational execution helped us achieve new annual records for total revenues, adjusted EBITDA, average ticket price and average concession sales per patron,” stated Amy Miles, CEO of Regal Entertainment Group. “Looking ahead, we are excited about the opportunity to bring premium amenities to even more theaters and customers in 2016.”

 

Forward-looking Statements:

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements included herein, other than statements of historical fact, may constitute forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the risk factors contained in the Company’s 2014 Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 2, 2015 and in the Company’s Quarterly Report on Form 10-Q filed with the SEC on August 10, 2015. All forward-looking statements are expressly qualified

 


The following information was filed by REGAL ENTERTAINMENT GROUP on Tuesday, February 9, 2016 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K statement of earnings and operation as management may choose to highlight particular information in the press release.

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  • Form Type: Annual
  • Number of times amended: 1
  • Accession Number: 0001168696-16-000021
  • Submitted to the SEC: Monday, February 29, 2016
  • Accepted by the SEC: Monday, February 29, 2016
  • Period Ending: December 2015
Companies
 

RGC Morningstar

REGAL ENTERTAINMENT GROUP

$21.33 -0.23 (-1.07%)

Day's Range:
$21.28 to $21.54

52-Week Range:
$16.50 to $24.19

Volume:
546,908

Volume (Avg):
1,462,920

Earnings per Share:
$0.96

PEG / Short / PE Ratios:
3.27 / 11.33 / 22.17

Market Cap:
$3.33B

Book Value:
-5.59

EBITDA:
$551.80M